Global internet solution provider Tata Communications yesterday said it has become authorized partner for Google Cloud Platform.
Tata Communications Monday posted a consolidated net loss of Rs.21.38 crore for the first quarter (April-June) of 2014-15, the company said in a Bombay Stock Exchange (BSE) filing Monday.
Tata Communications plans to invest more than $200 million towards doubling its data center capacity in India from five lakh square feet to 10 lakh sq. ft. over a period of three years, the company said Wednesday.
Internet services company Tata Communications yesterday said it will terminate its American Depository Shares from the US as well as the reporting obligations to market regulator Securities and Exchange Commission (SEC).
Shares of Tata Communications today surged almost 10 percent after British telecom major Vodafone's South African subsidiary Vodacom reached an agreement to buy Neotel, controlled by the company. Tata Comm's stock rose by 9.35 percent to settle at Rs 333.30 on the BSE. During the day, the scrip soared 12 percent to Rs 341.55.
British telecom major Vodafone's South African subsidiary Vodacom has reached an agreement to buy Neotel, controlled by Tata Communications, for 7 billion rand (around $676 million). "The shareholders of Neotel and Vodacom SA announced today that they have favorably concluded an agreement on the commercial structure and terms to proceed for Vodacom to acquire 100 percent of the shares of Neotel, valued at an enterprise value of ZAR 7.0 billion (about Rs 3,950 crore)," Tata Communications said in a statement.